Mitsubishi Heavy Industries to Transfer Domestic Onshore Wind Business to J-POWER
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An announcement from Mitsubishi Heavy Industries ( (JP:7011) ) is now available.
Mitsubishi Heavy Industries has signed definitive agreements to spin off its domestic onshore wind power generation business into a newly created wholly owned subsidiary, MWIND Co., Ltd., through a simplified absorption-type split. It will then transfer all shares of this new entity to Electric Power Development Co., Ltd. (J-POWER), positioning the utility as the new owner of the business excluding certain joint venture operations with Vestas.
The move follows more than four decades of MHI’s involvement in wind turbine technology and the delivery of over 4,200 turbines across 11 countries, mainly in North America and Japan. By selecting J-POWER, which treats onshore wind as a core growth area, MHI aims to preserve and leverage its accumulated personnel expertise while reallocating its own resources, with the transaction scheduled to take effect and close on April 1, 2026, without requiring shareholder approval under Japan’s Companies Act procedures.
The most recent analyst rating on (JP:7011) stock is a Buy with a Yen5390.00 price target. To see the full list of analyst forecasts on Mitsubishi Heavy Industries stock, see the JP:7011 Stock Forecast page.
More about Mitsubishi Heavy Industries
Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate active in power systems, energy, aerospace, machinery, and infrastructure. The company manufactures large-scale wind turbines and provides related engineering and after-sales services, with a notable footprint in onshore wind power in Japan and North America as part of its wider decarbonization and energy solutions portfolio.
Average Trading Volume: 24,172,726
Technical Sentiment Signal: Buy
Current Market Cap: Yen16197.5B
See more data about 7011 stock on TipRanks’ Stock Analysis page.
